Consumer Economy

Moglix has become the fifth B2B company this year, after Infra.Market, Innovaccer, Gupshup, and Chargebee, to command the valuation of over USD 1 billion.

The union that forms GoTo takes place after a merger between Gojek and Grab fell through in December 2020.

They are turning Singapore into their latest battleground in a pursuit for primacy in the region of Southeast Asia.

Alibaba’s new investment strategy includes three main areas, including domestic consumption, globalization, and cloud and advanced technologies.

Tencent doesn’t have a platform to directly rival Alibaba’s Taobao, but it remains relevant in the e-commerce space thanks to WeChat and investments in other e-commerce platforms.

The company is a spinoff of Chicago-based MRO products giant Grainger.

Plans include tech investment, digital bank tie-up, coworking spaces, and coffee.

Dingdong is likely in the process of arranging pre-listing equity allocation, says one industry investor.